MONMOUTH DIOCESAN BOARD OF FINANCE

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Walter Hunter & Co Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the trustee's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “In June 2024 at Newport Cathedral, Bishop Cherry ordained 3 Priests and 3 Deacons.”
• “Lay Ministry was celebrated in a special service in St Marks, Goldtops, Newport on the 19th June 2024.”
• “The diocese received an Arocha Eco Diocese bronze award, and the diocesan office received its silver award!”
• “In October 2024 the diocese put on sessions of suicide awareness training to teach the theory and practice of suicide intervention skills that can be applied in any professional or personal setting.”
• “The 2024 the Bishop's Lent Appeal raised £15,446 for the Highveld Board of Social Responsibility in our link diocese in South Africa.”
• “The Diocesan Culture Guide was launched in March 2024 to build on the diocesan vision.”
• “For the first time, in March 2024, clergy and key lay people from all 16 ministry areas and the cathedral gathered together for a special networking day to help shape the culture and ethos of our churches.”
• “More than 200 people filled St Mary's Church, Abergavenny for our first Diocesan Celebration Service.”
• “Our diocesan conference was attended by 150 people who came together with warmth and positivity at St Teilo's High School.”
• “In September 2024, the DBF received additional funding for four Schools Engagement Pioneers who will build links with church and community schools in the area, inviting school children and their families into four new worshipping community in locations across the diocese.”
• “During 2024 the DBF significantly expanded its diocesan support services with a new ministry area support team and a new property team.”
• “The Education Team held its first conference attended by over 50 headteachers and senior leaders in 2024 with a focus on compassion and Christian values.”
• “In July more than 500 primary school pupils from across the diocese filled Newport Cathedral with singing, readings and prayer during the special Year 6 Leavers service.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  -3.8%

  £3,092,489 → £2,973,429

• Net assets

  +4%

  £6,457,491 → £6,713,879

• Employees

  +40%

  10 → 14

• Wages

  +35.1%

  £275,148 → £371,803

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers